Ralph Recto to Duterte: Don’t blame Trump on inflaton
Senate President Pro Tempore Ralph Recto said President Rodrigo Duterte should not blame United States President Donald Trump for the increase in inflation in the country.
The Batangas politiko said the rise in inflation is largely caused by the Duterte administration’s economic policies.
“World events, external factors are a given. That’s always the case. We must anticipate,” Recto said.
“In any situation there are both opportunities and threats. A big part of our inflation problem is self-inflicted. They are internal,” he added.
Recto said the depreciation of the peso is a major factor in the increase in the prices of goods.
He also said the government can no longer afford to subsidize agriculture production.
Recommended on other sites
Politiko Main Latest News
North Luzon Latest News
Metro Manila Latest News
Central Luzon Latest News
Bicol Latest News
Visayas Latest News
Mindanao Latest News
The comments posted on this site do not necessarily represent or reflect the views of management and owner of POLITICS.com.ph. We reserve the right to exclude comments that we deem to be inconsistent with our editorial standards.